Optimal Timing of the Seismic Vulnerability Reduction Measures Using Real Options Analysis

Author(s):  
Vahid Asghari ◽  
Hamed Kashani ◽  
Shu-Chien Hsu
2009 ◽  
Vol 12 (04) ◽  
pp. 611-628 ◽  
Author(s):  
Kuo-Jung Lee ◽  
David S. Shyu ◽  
Miao-Ling Dai

This study establishes a dynamic model under real options analysis to analyze the optimal timing decision of information technology (IT) investments when the output price for firms is stochastic and benefits of IT investments are arisen from the increasing output price, increasing sale, and cost savings. We derive the closed form expression of the timing of IT investments and furthermore prove that IT investments rise at an increasing rate in economic booms and fall in economic busts. This study finds that increasing (decreasing) price volatility will delay (advance) the timing of IT investments. Increasing IT investments, however, may not delay the timing of IT investments. In addition, the decreasing (increasing) efficiency and increasing (decreasing) depreciation of IT investments will delay (advance) the timing of IT investments.


2010 ◽  
Vol 13 (7) ◽  
pp. A280
Author(s):  
J Grutters ◽  
K Abrams ◽  
D Deruysscher ◽  
P Lambin ◽  
M Pijls-Johannesma ◽  
...  

Energy ◽  
2015 ◽  
Vol 80 ◽  
pp. 41-54 ◽  
Author(s):  
Giorgio Locatelli ◽  
Sara Boarin ◽  
Francesco Pellegrino ◽  
Marco E. Ricotti

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